Gallium Nitride (GaN) and Silicon Carbide (SiC) Power Semiconductors market was valued at US$ 1407.9 million in 2022 and is anticipated to reach US$ 8713.7 million by 2029, witnessing a CAGR of 35.5% - Valuates reports

Gallium Nitride (GaN) and Silicon Carbide (SiC) Power Semiconductors market was valued at US$ 1407.9 million in 2022 and is anticipated to reach US$ 8713.7 million by 2029, witnessing a CAGR of 35.5% during the forecast period 2023-2029.

Get sample report - https://reports.valuates.com/request/sample/QYRE-Auto-18P9191/Global_Gallium_Nitride_GaN_and_Silicon_Carbide_SiC_Power_Semiconductors_Market_Size_Status_and_Forecast_2022

The power semiconductor is the core of electronic device electrical energy conversion and circuit control. In essence, it uses the unidirectional conductivity of the semiconductor to realize the function of power switch and power conversion. Whether it is hydropower, nuclear power, thermal power or wind power, or even the chemical energy provided by various batteries, most of them cannot be directly used. More than 75% of the electrical energy applications require power conversion by power semiconductor devices before they can be used by equipment.
The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
The major global manufacturers of gallium nitride and silicon carbide power semiconductors include Infineon, CREE (Wolfspeed), Roma Electronics, STMicroelectronics, ON Semiconductor, etc. Gallium nitride and silicon carbide power semiconductor manufacturers are mainly in Europe, America and Japan. Chinese manufacturers started late. Most domestic companies are in the early stage of research and development. The technology is relatively backward and the industry volume is small. There is a big gap with European, American and Japanese manufacturers.

This report aims to provide a comprehensive presentation of the global market for Gallium Nitride (GaN) and Silicon Carbide (SiC) Power Semiconductors, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Gallium Nitride (GaN) and Silicon Carbide (SiC) Power Semiconductors.
The Gallium Nitride (GaN) and Silicon Carbide (SiC) Power Semiconductors market size, estimations, and forecasts are provided in terms of and revenue ($ millions), considering 2022 as the base year, with history and forecast data for the period from 2018 to 2029. This report segments the global Gallium Nitride (GaN) and Silicon Carbide (SiC) Power Semiconductors market comprehensively. Regional market sizes, concerning products by type, by application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Gallium Nitride (GaN) and Silicon Carbide (SiC) Power Semiconductors companies, new entrants, and industry chain related companies in this market with information on the revenues for the overall market and the sub-segments across the different segments, by company, by type, by application, and by regions.

Segment by Type
Silicon Carbide Power Semiconductor
Gallium Nitride Power Semiconductor

Segment by Application
Consumer Electronics
New Energy Grid Connection
Rail
Industrial Motor
Ups Power Supply
New Energy Vehicles
Other

Get detailed report - https://reports.valuates.com/market-reports/QYRE-Auto-18P9191/global-gallium-nitride-gan-and-silicon-carbide-sic-power-semiconductors

Similar report -

https://reports.valuates.com/market-reports/QYRE-Auto-20M14964/global-gallium-nitride-desktop-fast-charge-charger

https://reports.valuates.com/market-reports/QYRE-Auto-37I4906/global-gallium-nitride-gan-ics

Phone:
U.S. (TOLL FREE) : +1 (315) 215-3225
India: +91 8040957137

Email Id:
Please reach us at sales@valuates.com

Valuates offers an extensive collection of market research reports that helps companies to take intelligent strategical decisions based on current and forecasted Market trends.

This release was published on openPR.